Killing Cash

Discussion in 'Currencies' started by JulieW, Jun 27, 2014.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    Forerunning ZeroHedge on Spain's latest theft:
    Ann Barnhardt put these thoughts on her blog. Worth the full read:

    so to the point of the post:

     
  2. errol43

    errol43 New Member Silver Stacker

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    ^^^^Doesn't the PO take cash to pay the phone a/c for telstra.?

    Regards Errol 43
     
  3. Ag bullet

    Ag bullet Well-Known Member

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    legal tender. take it or don't get paid. till they make cash illegal
     
  4. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    :lol:

    but....

    How long will the levy stay "moderate"? This is really just a tax.
     
  5. bja

    bja Member Silver Stacker

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    Like a budget repair levy = Tax or
    2% Medicare Levy = Tax
    Call them what they like, we are the ones that pay
     
  6. Gorth

    Gorth New Member

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    Going completely off topic for a bit, is it just me or does anyone else think the Spanish President is totally Gareth Evans' long lost twin brother?
     
  7. Old Codger

    Old Codger Active Member Silver Stacker

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    What a horrible thought, TWO komrade gareths!


    OC
     
  8. aleks

    aleks Well-Known Member Silver Stacker

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    You have to remember losts of EU memebers still have their own currency. In some small towns it's near impossible to pay with a card and even in big cities, some major supermarket chains and fast food outlets don't take credit cards. I don't think it will be happening anytime soon.
     
  9. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    what countries besides the UK are in the EU and dont use the euro?
     
  10. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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  11. errol43

    errol43 New Member Silver Stacker

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    Or maybe TWO Mein Furhers..:D

    Good to see you back OC

    Regards Errol 43
     
  12. TeaPot&ChopSticks

    TeaPot&ChopSticks New Member

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    Peru is now launching a digital currency - just like The Creature from Jekyll Island .
     
  13. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    More propaganda to support the elimination of cash. Look at how it is being demonized:

    * "Cash is an untraceable means of exchange that enables (and encourages) a vast criminal economy."

    * "It's also about limiting day-to-day street violence"

    And maybe the real reason it is being pushed:

    * ...if interest rates dip below zero, meaning banks effectively charge savers, customers can simply withdraw their cash and sidestep the policy entirely. This effect is known as the "zero lower bound," and is considered a serious limit to the effectiveness of monetary policy. "There are certainly many ways to skirt the zero lower bound, but the most elegant would be getting rid of most cash," Rogoff says.

     
  14. SpacePete

    SpacePete Well-Known Member Silver Stacker

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  15. Old Codger

    Old Codger Active Member Silver Stacker

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    Will the paper boy 'under the clocks' at Flinders St Station have a card doo-dad?

    OC
     
  16. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    The paper boy has been replaced by a vending machine with PayWave for those old codgers who don't read the news on their smart phone ;)
     
  17. Old Codger

    Old Codger Active Member Silver Stacker

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    What's a smart phone?


    OC
     
  18. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    A device that sucks intelligence from users causing them to walk the streets like zombies, totally oblivious to everything around them.
     
  19. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    ^ and giving them brain cancer too!
     

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